When the new breed of Bitcoiner who got burned buying at the top and then tried to get rich with altcoins realizes how useless altcoins really are, a lot of money will come flooding back to Bitcoin. My guess is that the market landscape will look very different in another 12 months.

According to coinmarketcap, today, BTC is already 86% of the crypto space. I don't think another 14% is likely to induce a new ATH.

Though as soon as the banks figure out their 'Bitcoinless blockchain innovations' are unsecurable, we might see some real appreciation.

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When the new breed of Bitcoiner who got burned buying at the top and then tried to get rich with altcoins realizes how useless altcoins really are, a lot of money will come flooding back to Bitcoin. My guess is that the market landscape will look very different in another 12 months.

According to coinmarketcap, today, BTC is already 86% of the crypto space. I don't think another 14% is likely to induce a new ATH.

Though as soon as the banks figure out their 'Bitcoinless blockchain innovations' are unsecurable, we might see some real appreciation.

Would love to see a trend line price chart from coinmarketcap that shows the percent of crypto market cap occupied by Bitcoin over the last three years.

Those who hold and those who are without property have ever formed distinct interests in society

When the new breed of Bitcoiner who got burned buying at the top and then tried to get rich with altcoins realizes how useless altcoins really are, a lot of money will come flooding back to Bitcoin. My guess is that the market landscape will look very different in another 12 months.

According to coinmarketcap, today, BTC is already 86% of the crypto space. I don't think another 14% is likely to induce a new ATH.

Though as soon as the banks figure out their 'Bitcoinless blockchain innovations' are unsecurable, we might see some real appreciation.

Would love to see a trend line price chart from coinmarketcap that shows the percent of crypto market cap occupied by Bitcoin over the last three years.

there is competition from altcoins to consider. If we leave 99% of the market on the table because of ultraconservatism about blocksize, we let an altcoin have all that, and Bitcoin gets swept by the wayside. And guess which one ends up more decentralized.

This important comment made me think that it's a good time to review just how Bitcoin has fared against the altcoins since a useful comparison has been made possible by coinmarketcap. Using the Wayback machine I got one data-point (aggregate values in USD) for each month as close to the 9th (first one) as possible. The chart below shows Bitcoin's monetary base (or market cap) as a percentage of all cryptocurrency excluding Ripple.

There is a very slight trend down (black), exacerbated by the recent LTC ramp, probably pre-halving noise as smooth says. I have shown the y-axis from 0% to avoid the scarier looking trend when base-lined at 80%.

This chart is interesting because it shows that despite the acrimonious 1MB debate it is not yet having a serious effect on price, and similarly the 1MB is not yet crippling user volumes and driving up usage (and therefore enhanced value) of alternative crypto.

Yesterday, we had a BIP [77? 103?] from Pieter, which is extremely welcome and the first official solution from the 1MBers in Core Dev. Unfortunately, this BIP pursues minimal change, with 2MB blocks only in 2021 and 10MB blocks (effectively the same capacity as Dogecoin today), in 2030. Personally, I think this will leave a severe bottleneck in Bitcoin throughput by about Q2/Q3 2016 and the major risk of a sharp change down in trend in the chart above.

According to coinmarketcap, today, BTC is already 86% of the crypto space. I don't think another 14% is likely to induce a new ATH.

Though as soon as the banks figure out their 'Bitcoinless blockchain innovations' are unsecurable, we might see some real appreciation.

Would love to see a trend line price chart from coinmarketcap that shows the percent of crypto market cap occupied by Bitcoin over the last three years.

Not sure about the "trend line price chart" but here's a chart:

Interesting. I wonder what the rationale is for excluding Ripple? (Fun fact - back near its public announcement, Ripple for some period had a market cap greater than Bitcoin's). Perhaps because it is the only significant alt that does not trace ancestry of the bulk of its code to Bitcoin?

Bitcoin's share of the overall crypto space is one of my major indices. While I check it nearly daily, I don't bother to write it down. I include Ripple. If it dips below 83% or so, I go looking for a reason.

Anyone with a campaign ad in their signature -- for an organization with which they are not otherwise affiliated -- is automatically deducted credibility points.

I've been convicted of heresy. Convicted by a mere known extortionist. Read my Trust for details.